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. >> mark matthews joins us live now following negotiations tonight. what is the latest? >> house republicans will put the senate version of the fiscal cliff deal up for a vo. sometime within the next 90 minutes or so. foremost of the day, they refused to call fr a vote there. was a lot of hand wringing today, an aid to john boehner described it as universal concern about a lack of spending cuts. the senate deal extends the bush tax cuts for every american making under $100,000 in year -- $400,000 a year, and it extends unemployment benefits to some two million americans. nancy pelosi sounded hopeful. >> it's a bill that was passed in the united states senate 89-8 tell me when you've had that on a measure as controversial as this. >> pelosi called to put the version on the floor. >> the issue of whether we have an up or down vote shouldn't be a question. shouldn't be a qe. we're told when we -- we would not have any legislative -- legislation until and unless the senate acted. when they did, we'd have a vote. and so, we want to have that vote. >> instead, republicans call
. >> mark matthews joins us live now following negotiations tonight. what is the latest? >> house republicans will put the senate version of the fiscal cliff deal up for a vo. sometime within the next 90 minutes or so. foremost of the day, they refused to call fr a vote there. was a lot of hand wringing today, an aid to john boehner described it as universal concern about a lack of spending cuts. the senate deal extends the bush tax cuts for every american making under $100,000 in...
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Jan 24, 2013
01/13
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mark matthews has been monitoring the hearings. this was a big deal during the campaign now being revisited. >> what a showing today, clinton tough, tearful. she walk as way from the spotlight, her approval rating is in an all time high. hillary clinton walked in this morning to talk about the terrorist attacks on the benghazi consulate that killed ambassador chris stevens of piedmont and three other americans, she described standing with the president. >> i put my arms around mothers and fathers, sons and daughters and wives left to raise their children. >> republicans accused administration of failing to protect the consulate and failing to provide accurate information following the attack. >> boy have relieved you of your post. the american people deserve to know answers and don't deserve false answer autos we were misled there are supposedly protesting and something sprang out that have. >> with all due respect the fact is that we have four dead of americans because of a protest or guys out for a walk one night deciding to go k
mark matthews has been monitoring the hearings. this was a big deal during the campaign now being revisited. >> what a showing today, clinton tough, tearful. she walk as way from the spotlight, her approval rating is in an all time high. hillary clinton walked in this morning to talk about the terrorist attacks on the benghazi consulate that killed ambassador chris stevens of piedmont and three other americans, she described standing with the president. >> i put my arms around...
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abc 7 news mark matthews is monitoring developments in washington and will be bringing us latest developments. >> still to come at 6:00 it's in the bag. the bay area folks about to see big changes when they hit the checkout stand tomorrow, is that you?. >> did you receive a new cell phone for the holidays? i've got an idea on what to do with the old phone. put to it good use. i'm michael finney. 7 on your side is coming up. >> they're cutting edge. i think they're doing things differently going shake up the world. >> the young businessman making a name for themselves in wine country. they're not afraid of labels. >>> anybodying to the grocery store tomorrow is going to mts a big change. new year's day marks the end of the plastic bag in stores there. abc 7 news joins us from oakland. this is a growing trend around the bay and the nation it is. there is some debate about how % whit comes to the environmental benefits, that said, most think it's a good idea. if they can only remember to ÷ this sign says it all. starting new year's day, no more plastic bags for the check out stand. >> it's a go
abc 7 news mark matthews is monitoring developments in washington and will be bringing us latest developments. >> still to come at 6:00 it's in the bag. the bay area folks about to see big changes when they hit the checkout stand tomorrow, is that you?. >> did you receive a new cell phone for the holidays? i've got an idea on what to do with the old phone. put to it good use. i'm michael finney. 7 on your side is coming up. >> they're cutting edge. i think they're doing things...
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Jan 3, 2013
01/13
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political reporter mark matthews with what is ahead and a little talked about step congress took last night to help wealthier taxpayers. >> congress instituted the the alternative minimum tax back in 1969 to go after millionaires who were avoiding income taxes by claiming big deductions. >> and this was quite common where you could get into leveraged investments that would produce very high level amounts of deductions. >> brian is a san francisco-based tax specialist who has been writing about the alternative minimum tax and how it has gradually been hitting more tax paces than originally intended. >> it is not going to hit people that are in the $40,000 or $50,000 bracket. >> but if you are a couple making 150 and above. >> then the amt could come into play. >> reporter: particularly because the law intended to catch the wealthy was never adjusted for inflation and wages and prices, well, they have gone up a bit since 1969. , trapping more and more of the middle class in the alternative minimum tax. >> are we talking about millions of people? >> i'm sure. absolutely. >> reporter: so
political reporter mark matthews with what is ahead and a little talked about step congress took last night to help wealthier taxpayers. >> congress instituted the the alternative minimum tax back in 1969 to go after millionaires who were avoiding income taxes by claiming big deductions. >> and this was quite common where you could get into leveraged investments that would produce very high level amounts of deductions. >> brian is a san francisco-based tax specialist who has...
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Jan 15, 2013
01/13
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abc 7 news mark matthews is here with the challenge that the president is facing on this. >> the president says concept understand.jjw that is not what we found and the challenge facing the president is one that he began to address this morning. president told reporters raising the debt keeling is not a question of more spending. >> it allows the country to pay for spending that congress is committed to. >> then, he repeated that. >> raising the debt ceiling does not authorize us to spend more he said it a half dozen time autos this is about paying your bills. debt... >> social security checks and veteran benefits will be delayed. we might not able to pay our troops or honor our contracts with small business owner autos house republicans say it's about spending. they want cuts for every dollar the debt ceiling is raised. >> the president said he will negotiate spending cuts. >> the full faith and credit of the united states of america snot a bargaining chip. >> but the challenge is a lot of people we've talked to had no real grasp of what it meant to raise the debt keeling. >> what does th
abc 7 news mark matthews is here with the challenge that the president is facing on this. >> the president says concept understand.jjw that is not what we found and the challenge facing the president is one that he began to address this morning. president told reporters raising the debt keeling is not a question of more spending. >> it allows the country to pay for spending that congress is committed to. >> then, he repeated that. >> raising the debt ceiling does not...
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>> mark matthews is in the newsroom with more. >> leaves us with a bill bit more money in our pockets than we owehozfy would have had. the agreement had an impact today on wall street. stocks surged this morning. the dow jumped 300 points. congress sent the president the legislation. >> this law is just one step in the broader efforts to strengthen our economy and broaden opportunities for everybody. >> for people making more than $400,000 a year, taxes are going up in 2013. payroll tax cuts expired meaning an increase on salary business 2% for every worker earning up to $110,000 a year n two months, congress will have to take up automatic spending cuts. and about that time, anticipating a fight over the debt ceiling. those voting admit it's not a permanent fix. >> it's a partial answer to a larger problem. let's sets the nation up for another fiscal showdown in mere month autos tax preparers are tweaking their numbers and h and r block a manager says the changes for 2012 are relatively minor. >> the devil will be in details in terms of understanding individual tax situations. >> and
>> mark matthews is in the newsroom with more. >> leaves us with a bill bit more money in our pockets than we owehozfy would have had. the agreement had an impact today on wall street. stocks surged this morning. the dow jumped 300 points. congress sent the president the legislation. >> this law is just one step in the broader efforts to strengthen our economy and broaden opportunities for everybody. >> for people making more than $400,000 a year, taxes are going up in...
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Jan 15, 2013
01/13
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mark matthews looks at the challenge the president is facing. >> president told reporters raising the debt ceiling is not a question of more spending. >> it's simply allows the country to pay for spending that congress has already committed to. >>reporter: then he repeated that. >> raising the debt ceiling does not authorize to us spend more. >>reporter: in the 40 minute press conference he said it half dozen times. >> this is about paying your bills. >>reporter: if the u.s. defaults on the debt. >> social security checks veteran benefit will be delaye delayed. might not be able to pay our troops. honor our contract with small business owners. >>reporter: house republicans say it is about spending. they want corresponding spending cuts for every dollar that the debt ceiling is raised. today speaker of the house boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. president said he will negotiate spending cuts but not with the economy hanging in the balance. >> full faith credit of the united states of america i
mark matthews looks at the challenge the president is facing. >> president told reporters raising the debt ceiling is not a question of more spending. >> it's simply allows the country to pay for spending that congress has already committed to. >>reporter: then he repeated that. >> raising the debt ceiling does not authorize to us spend more. >>reporter: in the 40 minute press conference he said it half dozen times. >> this is about paying your bills....
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Jan 20, 2013
01/13
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mark matthews spoke with the world's foremost authority on dr. king. the question is if they could have met, what would the leader of the civil rights movement who was murphyed in memphis, what would he have to say to president obama about guns and violence in our society? >> claiborne carson was just 19 years old when he stood on the washington mall on a hot august afternoon and listened to martin luther king describe his dream for america. >> four years ago he was back on cold to watch barack obama take the oath of office. like many who were involved in what carson calls the movement, he wondered what now? >> now that he has the power of the presidency, what is he going to do to bring king's dream into reality? >> carson believes dr. king would urge the president to take on the harder, more complex issues underlying gun violence. >> the problem with violence is not simply a problem of availability of guns. it's a climate. it's a culture. >> for king it was an issue of social justice. >> you know, i think what he would point out is that people don't k
mark matthews spoke with the world's foremost authority on dr. king. the question is if they could have met, what would the leader of the civil rights movement who was murphyed in memphis, what would he have to say to president obama about guns and violence in our society? >> claiborne carson was just 19 years old when he stood on the washington mall on a hot august afternoon and listened to martin luther king describe his dream for america. >> four years ago he was back on cold to...